Bad people exist. Bad people often times don't know they are the bad guys. Bad people may actually be good people faced with two very bad choices. On this month's Mid Month Wisdom, we're going to talk about how you can avoid being harmed by bad people, and/or good people breaking bad.
What's it really like to own 5,000 lots?
Podcast: Season 2 Announcement
I’m happy to announce that MHP_IRL will be back for a second season. This podcast has exceeded expectations in many ways and for several reasons, but mostly, because of you. Thank you!
Here’s what you can look forward to in season 2:
More in-depth analysis
More actionable tips and tricks
More eye opening interviews
More unique perspectives
Mid Month Wisdom: Golden Age Trap
We all seem to allude to this "Golden Age" of MHPs. But are we being productive and learning from the past? Or are we using the past as a crutch? On this Mid Month Wisdom, we'll zoom in on this "Golden Age" and the effect it may be having on us today.
Andrew Keel Interview
Fellow hustler, Andrew Keel, discusses how he found success at a young age with grit. Check him out at his website:
https://www.keelteam.com/
http://archimedesgrp.libsyn.com/mhp_irl-andrew-keel-interview
MMW: Quick Sales Training
How can you quickly train an employee how to sell? In this MMW, I'm going to share an example of how I did exactly that. Sometimes you don't have the time to go into great detail, so a quick rule of thumb will have to suffice.
John Fedro Interview: POH from Pain to Profit
Park Owned Homes (POHs) can often be a nightmare and most seemingly shy away from owning the homes in favor of just owning the dirt. But what if you come into some POHs? THE John Fedro joins me on this episode to discuss turning POHs from pain point to profit point.
http://archimedesgrp.libsyn.com/john-fedro-interview-poh-from-pain-to-profit
MMW: Learning Spanish Quickly
Spanish will dramatically help you in your business. But what if you can't speak it? In this month's Mid Month Wisdom, I'll reveal ways to learn Spanish efficiently.
http://archimedesgrp.libsyn.com/mmw-learning-spanish-quickly
Lead Generation Secrets
Are you having trouble finding good deals? On this episode, I'm going to shine a light in a dark room we are all facing together, and tell you how I find diamonds in the rough.
Mid Month Wisdom Sep 2018
I'm going to experiment with what I call "Mid Month Wisdom" which will be quick episodes to hold y'all over until the next full episode. Let me know what y'all think!
What You See From The Front Lines Part 2
In the second part of this two part episode, I reveal game changing knowledge that I learned from that front lines that I wish I had starting out. I also detail out what happens in the stages of competence.
http://archimedesgrp.libsyn.com/what-you-see-from-the-front-lines-part-2
What You See From The Front Lines Part 1
What does MHP ownership look like from the front lines? In this first part of a two part episode, we will discuss my first 90 days living in a doublewide and operating La Costa MHP. This humbling experience provides my answer to "What do you wish you knew when you were just starting out?"
http://archimedesgrp.libsyn.com/what-you-see-from-the-front-lines-part-1
Before Your LOI
On this episode, I'll detail out crucial activities that need to be completed before you send your LOI to the seller. We will discuss debt, equity, legal, and miscellaneous closing items you need to be aware of prior to putting your offer in writing.
Broker Sam Kline Interview
Rock star broker Sam Kline joins us today to offer a different perspective on MHPs:
http://www.gastongazette.com/news/20170818/meet-sam-kline
Sam can be reached at: 704-266-5039
sam.kline@cbcmeca.com
http://archimedesgrp.libsyn.com/mhp_irl-broker-sam-kline-interview
What Will Break
No matter what you do, things are going to break at your mobile home park. On this episode, I give you actionable advice for how to plan for and address these issues both during due diligence and during ownership.
Perseverance
How do you fight through those tough bouts and plateaus? Listen in for some examples of tough times we faced that we pushed through.
Due Diligence Nightmare
Imagine your worst fear coming to life. We experienced exactly that. Thankfully, we lived to tell the tale. In this episode of Mobile Home Parks In Real Life, we will discuss the gritty details of how a due diligence slip up almost sunk us on our first deal.
http://archimedesgrp.libsyn.com/mhp_irl-due-diligence-nightmare
Spousal Buy In
How do you get your spouse's buy in? In this episode of Mobile Home Parks In Real Life, Ryan and his wife Jennifer discuss the difficulties of an entrepreneur and his skeptical wife. This raw interview details the emotions felt at each step of the way during a 3 year progression into the industry.
Endgame
Why Our Partnership Works
Partnerships are a normal aspect of business. Some fail while others thrive. More often than not, they dissolve. I've witnessed it a few times in the industry. It appears to work for a few years and then all of a sudden it falters when disagreements emerge. It's easy to mask differences when the team is winning.
Ryan and I have shared many successes and disagreements over the years. We are young in the game and could potentially face the same dreaded fate. However, we are a great spot today and worked through several difficult decisions.
A few things that have helped us maintain a strong partnership.
- We are brutally transparent about our feelings and thoughts. We don't have to filter information. Just say what you feel. Honesty is more important than our temporary emotions.
- If we are at a stalemate in terms of a decision, we reach out to our mentors to help guide us in the appropriate direction.
- We both appreciate responsiveness. Our communication styles match.
- We have complementing skill sets. Ryan is better at operations while I love structuring deals.
- We make fun of each other regularly to keep each other accountable. Humility is critical.
- We started as friends. We knew each other for 11 years before Archimedes. There was no rushed screening process.